(I) Definition

Incubation Centers develop new businesses, new products, new technologies, and assist SMEs in upgrading and transforming themselves. They aim to reduce costs and risks for startups and early stage R&D by effectively combining resources such as office space, equipment and facilities, technology, fund sourcing, business services and management consulting. The creation of a superior cultivating environment at incubation centers will enhance any new venture's chance of success.

(II) Purposes

The construction of a robust and comprehensive platform to encourage innovation and entrepreneurship leads to the creation of new businesses. The flexible utilization and integration of domestic and overseas R&D resources, creates a superior environment for research and entrepreneurship and benefits the long-term development of SMEs. This enhances the competitiveness of SMEs, prompts the upgrade and transformation of industries and as a result, generates new impetus for the development of the national economy.

(III) Functions

Reduces the investment risk associated with start-ups and R&D, thereby improving the success rate of entrepreneurs and innovators.

Assists with incubation projects and helps with the development of new technologies and products.